Render

Satoshi

Shiba Inu

Spot

Coin

<p>Following a price rebound, six whales have collectively deposited 7.16 million RNDR tokens, worth $77.9 million, to Coinbase and Binance. These strategic moves have allowed the whales to pocket $60.9 million in profit.</p><h2 class="wp-block-heading" id="render-network-linked-wallet-transfers-remaining-rndr-to-binance">Render Network-Linked Wallet Transfers Remaining RNDR to Binance</h2><p>According to <a href="https://x.com/spotonchain/status/1791057512025948465?s=46" rel="noopener noreferrer nofollow">Spot On Chain</a>, a wallet linked to the Render Network, identified as 0x537, deposited the remaining 455,000 RNDR ($4.59 million) to Binance via GSR Markets at a price of $10.09 per token. The transaction, which took place on May 17 at 02:58, can be viewed on the blockchain with the hash 0x6e06dc4d215656473d2e8eb225f3a73793cc07e30e2004eb0634a260ba439261.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p>After the price rebounded (24H), six whales deposited 7.16M <a href="https://twitter.com/search?q=%24RNDR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$RNDR</a> ($77.9M) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a> and <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> and pocked $60.9M in profit!<br><br>Want to know how they did it? Follow <a href="https://twitter.com/spotonchain?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@spotonchain</a> and check out their stories under the <a href="https://twitter.com/search?q=%24RNDR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$RNDR</a> token page on our platform now: <a href="https://t.co/ifiroxuBfo" rel="noopener noreferrer nofollow">https://t.co/ifiroxuBfo</a><a href="https://t.co/qcuF8wm1Nw" rel="noopener noreferrer nofollow">pic.twitter.com/qcuF8wm1Nw</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1791057512025948465?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 16, 2024</a></blockquote></div></figure><p>Since April 26, 2024, the wallet has received a total of 4.167 million RNDR from the Render Network’s multisign wallet 0xb6e at an average price of $9.12 ($38 million). The wallet then deposited all tokens to various centralized exchanges (CEXs) at an average price of $9.22 ($38.42 million). Currently, the wallet holds only a small amount of 161 RNDR ($1.62K).</p><h2 class="wp-block-heading" id="whale-0x4e4-continues-rndr-deposits-to-binance">Whale 0x4e4 Continues RNDR Deposits to Binance</h2><figure class="wp-block-image size-large"><img width="1024" height="614" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-478-1024x614.png" alt="" class="wp-image-492062"></figure><p>Another whale, identified as 0x4e4, has been actively depositing RNDR to Binance. The whale has deposited a total of 400,000 RNDR via three transactions at an average price of $10.73 ($4.29 million). The most recent transaction, involving 150,000 RNDR ($1.57 million), occurred at a price of $10.44 per token.</p><p>The whale still holds 250,528 RNDR ($2.63 million) and has an estimated total profit of $4.33 million (+168%).</p><div class="wp-block-rehub-colortitlebox rh-colortitlebox"><div class="rh-colortitle-inbox"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon"></i><div class="rh-colortitle-inbox-label"> New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW </div></div><div class="rh-colortitlebox-text"><div class="wp-block-rehub-contenttoggler rh-contenttoggler"><div class="rh-toggler-wrapper"><p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p><p><em>Sponsored</em></p><span class="rh-tgl-trigger"><span class="rh-tgl-show">Show more +</span><span class="rh-tgl-hide">Show less –</span></span><span class="rh-tgl-grad"></span></div></div></div></div><h2 class="wp-block-heading" id="whale-network-realizes-massive-profits-from-rndr-trading">Whale Network Realizes Massive Profits from RNDR Trading</h2><p>Further investigation reveals that whale 0x4e4 is part of a network of five whales that have been trading 2.588 million RNDR since October 15, 2023. These whales share two Binance deposit addresses, 0x494 and 0x504, and have collectively realized an estimated total profit of $15.96 million from RNDR trading. The network currently holds 412,097 RNDR ($4.45 million) across two wallets.</p><h2 class="wp-block-heading" id="four-inactive-whales-move-all-rndr-to-coinbase-realizing-substantial-gains">Four Inactive Whales Move All RNDR to Coinbase, Realizing Substantial Gains</h2><p>In a coordinated move, four whales that had been inactive for six months jointly deposited all 6.761 million RNDR ($73.6 million) to Coinbase at an average price of $10.882 per token. Each whale had accumulated 1.69 million RNDR, which they withdrew from Coinbase primarily between late October and early November 2023 at an average price of only $2.271 (shared estimated cost: $15.4 million).</p><p>If these whales sell their RNDR holdings now, each would realize an individual estimated profit of over $14 million, having held the tokens for up to 11 months. Collectively, their joint profit would amount to $58.2 million (+379%).</p><p><strong><em>Read more: <a href="https://captainaltcoin.com/shiba-inu-whale-realizes-3-2m-profit-after-2-6-years-of-holding-shib-pattern-suggests-continued-uptrend/" rel="noopener noreferrer nofollow">Shiba Inu Whale Realizes $3.2M Profit After 2.6 Years of Holding: SHIB Pattern Suggests Continued Uptrend</a></em></strong></p><p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p><div class="bigofferblock margincenter mb30 pt20 pl20 pr20 "><div class="col_wrap_two mb0"><div class="offerbox_big_wrap flowhidden"><div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" rel="noopener noreferrer nofollow"><img class="lazyload" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"></a></div><div class="product-summary col_item mobileblockdisplay"><h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" rel="noopener noreferrer nofollow"><span>Check $RECQ Meme Coin</span></a></h3><div class="rev_disclaimer font70 greencolor lineheight15 mb20"> Sponsored: Invest Responsibly, Do Your Own Research. </div><div class="buttons_col mb25 rh_big_btn_inline"><div class="priced_block clearfix"><div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" rel="noopener noreferrer nofollow"> Buy RECQ Today </a></div></div></div><div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"></i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles. </div></div></div></div></div><p>The post <a href="https://captainaltcoin.com/render-whales-cash-in-massive-profit-as-rndr-price-plunges/" rel="noopener noreferrer nofollow">Render Whales Cash In Massive Profit as RNDR Price Plunges</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Render Whales Cash In Massive Profit as RNDR Price Plunges

Table of Contents

CaptainAltcoin

Other articles published on May 17, 2024

Tren Bearish Cardano Jelang Halving ETC dan Listing BlockDAG

Bitcoin Bull Cycle Expected to End By April 2025, Says CryptoQuant CEO

Bitcoin’s future roadmap – BTC’s market cycle leaves room for ‘hyper-growth’

Crypto Just Had A Game-Changing Moment, But Will Biden Veto?

Nvidia to Report Q1 Earnings Next Week; Revenue Forecast at $24.65 Billion

Introducing FalconX: The Next-Generation Decentralized Exchange on Solana

Join our free newsletter for daily crypto updates!